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advice that has been given to boehner, isn't it? fight another day for entitlement cuts, spending. >> and there is little down in my mind and knowing boehner that is what he wants to do. the trick for boehner is getting the 120 votes,ment and a caucus that moved further to the right with this selection and with a lot of intransigent people and now at least one figure, tom price who has been a very conservative member of the leadership making noises about challenging him if it doesn't work, he had the headaches from the other leadership members he is a legislature, sea conservative but wants to make deals and he knows now it is in the republican's interest to make a deal and poll after poll suggesting they will be blamed if they don't. >> rose: that's why it is in their interest, what other reason is it in their interest other than that, and in the best interest of the country. >> those are good reasons. >> rose: but what else is there? >> actually one of the more interesting things here is i have often written about the perils of th
advice that has been given to boehner, isn't it? fight another day for entitlement cuts, spending. >> and there is little down in my mind and knowing boehner that is what he wants to do. the trick for boehner is getting the 120 votes,ment and a caucus that moved further to the right with this selection and with a lot of intransigent people and now at least one figure, tom price who has been a very conservative member of the leadership making noises about challenging him if it doesn't...
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ounce of compassion this christmas seen save it for boehner. the president treats him as if he has him over a barrel heading toward the fiscal cliff. he is trying to head this off by bargaining with the president to keep the tax rates where they are now and provide revenue for rich people. in exchange mr. boehner wants the president to agree to serious reform to tax reform the biggest driver of the nation's debt. he wants to hire tax revenue and taxes on the rich. he has speak ennothing of entitlement. unreasonable? you bet. on top of it boehner is on attack for being a weak negotiator from the right. he is not a weak negotiator. he has a weak hand. >>> kelly wright is live in washington. hi, kelly. >> good morning to you ainsley. someone would hope so. three weeks from now americans will be celebrating a brand new year but it may be a year unof uncertainty if the white house fail to take action to avert the fiscal crisis or the cliff. president obama tock his message on the road speaking to auto workers to talk about the plan to cut taxes that
ounce of compassion this christmas seen save it for boehner. the president treats him as if he has him over a barrel heading toward the fiscal cliff. he is trying to head this off by bargaining with the president to keep the tax rates where they are now and provide revenue for rich people. in exchange mr. boehner wants the president to agree to serious reform to tax reform the biggest driver of the nation's debt. he wants to hire tax revenue and taxes on the rich. he has speak ennothing of...
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boehner's office said they're waiting for more details on spenting cuts. liz, why does it matter who gives what details first? what's the game here? >> well, i think what you're saying is whoever gives the details first, the other side is going to have an advantage to either position against those details. you know, the white house during health care debate, for example, was very -- it was, you know, step back and didn't give many details as to what they wanted to do because at the beginning because they didn't want to target on their back. i think this is almost a game of chicken right now. the problem is it's a game of chicken with very, very high stakes. and you've got the white house out there, you know, publicly putting pressure on republicans by sending obama, for example, to michigan but gamt trying to negotiate behind the scenes with boehner. and it's a two-prong strategy that i think carries real risk. >> it's kind of negotiation 101. i mean, the most basic kind of negotiation, you know, don't show your hand if you don't have to. i'm wondering, ma
boehner's office said they're waiting for more details on spenting cuts. liz, why does it matter who gives what details first? what's the game here? >> well, i think what you're saying is whoever gives the details first, the other side is going to have an advantage to either position against those details. you know, the white house during health care debate, for example, was very -- it was, you know, step back and didn't give many details as to what they wanted to do because at the...
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after a day of heated rhetoric that began on capitol hill, when boehner was blunt in again rejecting the president's demand for power to raise the country's debt ceiling. >> zero. congress is never going to give up our ability to control the purse. and the fact is, is that the debt limit ought to be used to bring fiscal sanity to washington, d.c. >> reporter: as the deadline to reach a deal to avert the fiscal cliff draws ever closer, republicans say the real issue is spending cuts. >> listen, republicans want to solve this problem by getting the spending line down. the president wants to pretend that spending isn't the problem. that's why we don't have an agreement. >> reporter: a claim the white house denies, spokesman jay carney. >> let's just be clear. there is one party to these negotiations who has put forward a specific proposal for revenue and a specific proposal for spending cuts. even when the republicans-- and i saw speaker boehner do this earlier today-- insist that the president hasn't put forward spending cuts, one, it begs the question, what spending cuts have the repu
after a day of heated rhetoric that began on capitol hill, when boehner was blunt in again rejecting the president's demand for power to raise the country's debt ceiling. >> zero. congress is never going to give up our ability to control the purse. and the fact is, is that the debt limit ought to be used to bring fiscal sanity to washington, d.c. >> reporter: as the deadline to reach a deal to avert the fiscal cliff draws ever closer, republicans say the real issue is spending cuts....
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come up with boehner's plan to cut spending. (laughter) >> a lot of people know that the president and i met on sunday it was a nice meeting, it was cordial but we're still waiting for the white house to identify what spending cuts the president is willing to make, where are the presidents spending cuts? >> stephen: now critics say the speaker is just asking democrats to put specifics in into the republican proposal but i say that's kind of fun. it makes the budget into a giant mad-lib. for instance, we agree to cut ten be zillion from the program that gives ukuleles to the sticky poor. toilet boom! (cheers and applause) we will have more on this story -- if i have to. (laughter) nation, there's a danger lurking around every corner. that's why i say we must start making all of our buildings round. (laughter) this is the threat down. (cheers and applause) first up, folks, i always keep watch on our international enemies, especially north korea. and their dear leader kim jong-un. in my book he is public enemy number un. (laughter)
come up with boehner's plan to cut spending. (laughter) >> a lot of people know that the president and i met on sunday it was a nice meeting, it was cordial but we're still waiting for the white house to identify what spending cuts the president is willing to make, where are the presidents spending cuts? >> stephen: now critics say the speaker is just asking democrats to put specifics in into the republican proposal but i say that's kind of fun. it makes the budget into a giant...
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boehner raised the question. some of the things that the president was asking for i couldn't get through the house anyway. if he can make a deal with the president and it is still painful, even if it's not $1.4 trillion in new revenue can he get it through the house? how much danger is he in for losing the speakership if he doesn't stand firm enough on the president? >> he could be in fair bit of danger here. the question is, if he is willing to get something through the house without a majority of the caucus for. this hastert rule. speaker hastert would never bring something through unless majority of republicans to support it. >> chris: majority of the majority. >> so of course his speakership could be threatened here. one side story of this at least in washington is the majority leader. cantor has been not as front and center in the negotiations at all. is he waiting in the wings to help things out, waiting in the wings to be there if speaker boehner falls? that is an intrigue here. speaker boehner is committe
boehner raised the question. some of the things that the president was asking for i couldn't get through the house anyway. if he can make a deal with the president and it is still painful, even if it's not $1.4 trillion in new revenue can he get it through the house? how much danger is he in for losing the speakership if he doesn't stand firm enough on the president? >> he could be in fair bit of danger here. the question is, if he is willing to get something through the house without a...
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john boehner said his plan cuts $2.2 trillion over ten years. you shouldn't be comparing those two nubs. what you should think about is $16 trillion. that's how much debt the country has. according to bill groesdz, the man who runs the biggest fund, ie, the man who decides how much we can spend and borrow, we have to cut spending or raise taxes. that's $1.6 trillion a year. that's $1.2 trillion a year more than the president proposes. and $1.38 trillion a year more than john boehner has offered. yeah. peanuts. i recently spoke with erskine bowles, the bowles of simpson-bowles, and he agrees that he's right. >> absolutely. he's 1pen hearst right. i don't know if 16 is the number, but i would be happier at $5 trillion or $6 trillion because that's what we need to solve the number long term. >> those are big numbers. i want to bring in john avlon right now. this is what i find so incredible. we get so focused on is there going to be a deal, and the politics of a deal and going off the cliff and if the cliff is a slope that we're missing the bigger
john boehner said his plan cuts $2.2 trillion over ten years. you shouldn't be comparing those two nubs. what you should think about is $16 trillion. that's how much debt the country has. according to bill groesdz, the man who runs the biggest fund, ie, the man who decides how much we can spend and borrow, we have to cut spending or raise taxes. that's $1.6 trillion a year. that's $1.2 trillion a year more than the president proposes. and $1.38 trillion a year more than john boehner has...
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aids say john boehner has sent president obama a new counter offer tonight. it's apparently a response to an offer the white house made yesterday. that was one day after the president and the speaker met one on one at the white house. of course three weeks from today automatic tax hikes and spending cuts kick in if they can't come to deal. jim angle is following late developments from our washington newsroom. there have been a lot of them in just the last 30 minutes. >> i will say, shep. the clock, of course, as you indicated is clicking louder. not clear if we had real progress or just movement. president and speaker boehner did talk by phone tonight after white house offer monday and counter offer from boehner about which his office said quote we sent the white house a counter offer that would achieve tax and entitlement reform to solve our loom being debt crisis and create more miner jobs. the statement also reit raided, however, what speaker boehner and others said earlier today. listen. >> we're still waiting for the white house to identify what spends c
aids say john boehner has sent president obama a new counter offer tonight. it's apparently a response to an offer the white house made yesterday. that was one day after the president and the speaker met one on one at the white house. of course three weeks from today automatic tax hikes and spending cuts kick in if they can't come to deal. jim angle is following late developments from our washington newsroom. there have been a lot of them in just the last 30 minutes. >> i will say, shep....
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boehner's emboldened by that support. but also you know i think they've been swashbuckling insofar as keeping the raucous members or purging them from committee chairs. >> there's definitely been a new message which is that john boehner's the boss and we're not going to deal with insubordination. if you look at that offer, people are saying it's boehner's offer. it's signed by eric cantor. >> and paul wrien. >>> and paul ryan. any leader who the rebels, shall we say, within the republican conference could have, is now aligned with wehner completely. strengths his hand. he's the sole negotiate, whatever he gets from president obama will be the rule of law. and i think what's really emboldened boehner, ironically, mitt romney's loss. it's this idea that john boehner's survived, he's the one who came through. we were able to keep the house. he does get a lot of credit for that among house republican circles, they were able to keep the house. people think -- >> he raised something like 100 million dollars. >> he's the kingmak
boehner's emboldened by that support. but also you know i think they've been swashbuckling insofar as keeping the raucous members or purging them from committee chairs. >> there's definitely been a new message which is that john boehner's the boss and we're not going to deal with insubordination. if you look at that offer, people are saying it's boehner's offer. it's signed by eric cantor. >> and paul wrien. >>> and paul ryan. any leader who the rebels, shall we say, within...
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o'reilly is not boehner, pelosi, or obama. he's tv intertainer who spent the weeks after the election crying about the end of white establishment america. the end of the days when an upstanding white man felt entitled to summon whomever he wanted whenever he wanted to the big house to dance. i don't dance, unquote. now, that is pure racism. nothing else. whitlock implying that i'm some kind of slave overlord, and he gets away with that kind of garbage. in fact, he gets paid to spout. way beyond disgraceful. that's poison but not unusual. hate speech now happening all the time. there comes a point when all good people must say enough. that point has now been reached in america. the jason whitlocks of the world deserve pity, but they also deserve to be exposed. they're using base emotion to try to injure people. they are liars, and they are abusing freedom of speech. this stuff has gotta stop. >>> the top story tonight. join us from washington. juan, i think this kind of garbage is completely out of hand. am i overreacting? >> n
o'reilly is not boehner, pelosi, or obama. he's tv intertainer who spent the weeks after the election crying about the end of white establishment america. the end of the days when an upstanding white man felt entitled to summon whomever he wanted whenever he wanted to the big house to dance. i don't dance, unquote. now, that is pure racism. nothing else. whitlock implying that i'm some kind of slave overlord, and he gets away with that kind of garbage. in fact, he gets paid to spout. way beyond...
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house speaker john boehner said his plan cuts $2.2 trillion over 10 years. think about $16 trillion. that's how much debt this country has and according to bill gross, the man who runs the world's biggest bond fund, the guy that decides to lend money to the united states and how much we have to pay to borrow, says we have to cut spending or raise taxes by 11% of gdp over next 10 years and according to gross that's $1.6 trillion a year. that is, let's just make this clear, $1.2 trillion a year more than the president proposes and $1.38 trillion a year more than john boehner has offered. yeah. peanuts. i recently spoke with erskine bowles, the bowles in simpson-bowles and even he agreed that bill gross is right. >> absolutely. he's 100% right. i don't know if 16's number but i would be happier at $5 trillion or $6 trillion because that's what we need to solve the problem long term. >> those are big numbers. bilg gross will be with us in a moment. i want to bring in john avalon right now. this is what i find incredible is we are getting so focused on the deal a
house speaker john boehner said his plan cuts $2.2 trillion over 10 years. think about $16 trillion. that's how much debt this country has and according to bill gross, the man who runs the world's biggest bond fund, the guy that decides to lend money to the united states and how much we have to pay to borrow, says we have to cut spending or raise taxes by 11% of gdp over next 10 years and according to gross that's $1.6 trillion a year. that is, let's just make this clear, $1.2 trillion a year...
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youjohn boehner in the briefing room has a chart. in boehner's words as we've been given excerpts by his staff is spending. the problem is entitlements. that is what's driving the debt. you see that large red portion of that chart that boehner is about to use. you know, the question is, will he have the votes to pass whatever it is he puts on the floor, thomas? and there's an ironclad rule in the house of representatives. and that is, a speaker does not put something on the floor that is not going to pass with the majority of his congress, in this case, republicans, and anything with tax hikes on it as the president is insisting on, whether that gets on the floor or republicans, that's highly questionable. >> is foster friess giving you a little ankle there? >> foster friess, that's a name from the past. >> kristen, let's talk about what the president is able to acquiesce about spending cuts? this about compromise or total victory? >> i think to some extent it's about compromise. but there is no doubt that president obama believes he
youjohn boehner in the briefing room has a chart. in boehner's words as we've been given excerpts by his staff is spending. the problem is entitlements. that is what's driving the debt. you see that large red portion of that chart that boehner is about to use. you know, the question is, will he have the votes to pass whatever it is he puts on the floor, thomas? and there's an ironclad rule in the house of representatives. and that is, a speaker does not put something on the floor that is not...
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. >> speaker boehner can't ignore the american people forever. at some point, reality should set in. the only question is how much financial stress middle class families and our entire economy will have to endure during this process. >> is this any way to solve the biggest threat to the economy since lehman brothers? "fast money" starts right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. back from the brink. from b of a to yahoo! stocks, are suddenly the comeback kids of the fourth quarter. we're separating winners from losers. >>> plus, sell signal. if insiders are heading for the exits, should you be, too? >>> and we're talking real estate and the fiscal cliff with dolly lens. but first, let's get straight to our top story, and that is the haggling in washington, d.c. president obama's meeting with house speaker john boehner this hour. john, what should we expect? >> we expect the meeting to last something less than an hour between the speaker and the president of the united states. a republican lea
. >> speaker boehner can't ignore the american people forever. at some point, reality should set in. the only question is how much financial stress middle class families and our entire economy will have to endure during this process. >> is this any way to solve the biggest threat to the economy since lehman brothers? "fast money" starts right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. back from the brink. from b of...
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jon: to the fiscal cliffhanger on capitol hill as the president and house speaker boehner say they're keeping open the lines of communication one day after meeting to discuss the ongoing negotiations aimed at stopping the combination of automatic tax increases and spending cuts set to kick in less than four weeks from now. chief congressional correspondent mike emanuel live on capitol hill for us. three weeks from the end of the year, mike. any signs of progress? >> reporter: jon, it is hard to tell we know the president and the speaker of the house met privately yesterday and as we mentioned both sides say the lines of communication are open but they are not giving out any details of what was discussed or any readout of the meeting. that may be a good sign. the previous meeting was on camera. this one face-to-face privately at the white house and so perhaps they had a chance to roll up their sleeves and get into some of the tough details in terms of finding a deal on the fiscal cliff. this morning a leading republican said any deal should include the major drivers of our debt. >> the
jon: to the fiscal cliffhanger on capitol hill as the president and house speaker boehner say they're keeping open the lines of communication one day after meeting to discuss the ongoing negotiations aimed at stopping the combination of automatic tax increases and spending cuts set to kick in less than four weeks from now. chief congressional correspondent mike emanuel live on capitol hill for us. three weeks from the end of the year, mike. any signs of progress? >> reporter: jon, it is...
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speaker boehner is facing growing backlash from the more conservative wing of his party. at issue, the $800 billion in new tax revenue he proposed in a fiscal cliff deal which the white house quickly rejected because it does not raise taxes on the wealthy but aims to get the money through cuts in deductions. senator jim demint denounced boehner's plan as a tax hike that will, quote, destroy american jobs and allow politicians in washington to spend even more. senate minority leader mitch mcconnell also distanced himself from the boehner plan declining to endorse it yesterday. >> we've wasted enormous amount of time here sparring back and forth in public, and it strikes me it's a good time to get serious about the proposals. so i have no other particular observation than i commend the house republican leadership for trying to move the process along and getting to a point where hopefully we can have a real discussion. >> but why is the the gop still hot on its desire to raise money through cuts and deductions rather than an actual increase in the top end tax rate? well, i t
speaker boehner is facing growing backlash from the more conservative wing of his party. at issue, the $800 billion in new tax revenue he proposed in a fiscal cliff deal which the white house quickly rejected because it does not raise taxes on the wealthy but aims to get the money through cuts in deductions. senator jim demint denounced boehner's plan as a tax hike that will, quote, destroy american jobs and allow politicians in washington to spend even more. senate minority leader mitch...
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you remember house speaker boehner said i'm here to give you a progress report. that was on friday, no progress and now they're actually meeting and you're hearing from republican senators and these are not far left wing republicans like senator corker of tennessee and senator colburn. you can't get any more conservative from oklahoma and congressman tom cole of oklahoma saying look, maybe these rate increases we should do something. maybe they won't go up to 39.6, but they'll go above 36, maybe 37 and in return there will be some entitlement tradeoffs and what that means is changing the cost of living calculator for social security, raising the medicare age, not for current recipients but future recipients and i think senator durbin, the no. 2 person in the democratic party, said look, if we don't reach this and we go to the fiscal cliff, the republicans will own it. maybe the republicans started to believe that. >> i was going say why the capitulation now on the republicans side? >> that's a great word. they wouldn't like you to say the word capitulation. they
you remember house speaker boehner said i'm here to give you a progress report. that was on friday, no progress and now they're actually meeting and you're hearing from republican senators and these are not far left wing republicans like senator corker of tennessee and senator colburn. you can't get any more conservative from oklahoma and congressman tom cole of oklahoma saying look, maybe these rate increases we should do something. maybe they won't go up to 39.6, but they'll go above 36,...
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we had a meeting with harry reid and speaker john boehner. the executive board message was as you are dealing with tough decisions that have to be made, to make sure that we don't over the fiscal cliff, don't shift the burden downward. we understand that there is a shared sacrifice. we ask for flexibility when it comes to programs that are funded by the federal government and federal monies. we need flex ability to be able to determine what is in the best interest of our state. how we can best serve the population. gerri: the truth is the states only have so much flex ability because you have to meet your budget. the federal government doesn't. but i want to show who is in washington. it was scott walker, gary herbert, mark dayton, jack markell. all the leadership of the governors association. what kind of response did you get? we are not passing anything onto you guys. >> the president was very cordial and respectful to the governors. and we believe that we have a stake in this process, and he felt like we could offer some ideas of ways that
we had a meeting with harry reid and speaker john boehner. the executive board message was as you are dealing with tough decisions that have to be made, to make sure that we don't over the fiscal cliff, don't shift the burden downward. we understand that there is a shared sacrifice. we ask for flexibility when it comes to programs that are funded by the federal government and federal monies. we need flex ability to be able to determine what is in the best interest of our state. how we can best...
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>>reporter: the president and speaker boehner spoke on the telephone phone and speaker boehner would not call it "tense" but said it was straight failure frank discussion of how far apart they are. >> the president is calling if $1.4 trillion in revenue. that cannot pass the house of representatives or the senate. if you look at our budget we have in new revenue in our budget. the president's budget, he had $1.6 trillion worth of new revenue in the budget. >>reporter: the republicans have offered $800 billion in revenue half of what the president wanted but they want to raise it by phasing our tax deductions and closing out loopholes which white house officials say cannot raise enough without hurting the middle class. >>shepard: thank you, wendell. north korea's daring rocket lunch prompted quick reaction from the united states and a lot of allies and they promised an "appropriate response." what would that be? what options does the united states have in dealing with the most rogue nation on the planet? going rogue, live from the state department. >> we could have a political showdow
>>reporter: the president and speaker boehner spoke on the telephone phone and speaker boehner would not call it "tense" but said it was straight failure frank discussion of how far apart they are. >> the president is calling if $1.4 trillion in revenue. that cannot pass the house of representatives or the senate. if you look at our budget we have in new revenue in our budget. the president's budget, he had $1.6 trillion worth of new revenue in the budget....
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i've known john boehner for 21 years. he recognizes that the republicans also running for re-election said to their constituents "we will not raise your taxes. we will not do anything in this economic recession to make things worse "." raising the top two rates is going to hit the job creators and i think what john boehner has said, he said this the day after the election, governor, he said we recognize that the elections have consequences, the president won. republicans are willing to give the president most of what he wants, $800 billion somewhere around a trillion of additional revenue. how do we get there. the president wants to increase tax on the wealthy. republicans want to close loopholes. i think we're a lot closer than the president and congressional republicans would lead you to believe. it is a question of how do we get there. >> jennifer: don't you think ron, if they close loopholes now, then they're not going to be able to lower the corporate tax rate -- it depends on which loopholes you close whether person
i've known john boehner for 21 years. he recognizes that the republicans also running for re-election said to their constituents "we will not raise your taxes. we will not do anything in this economic recession to make things worse "." raising the top two rates is going to hit the job creators and i think what john boehner has said, he said this the day after the election, governor, he said we recognize that the elections have consequences, the president won. republicans are...
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but house speaker and john boehner have not sat down for negotiations. even though corker is saying there is growing sentiment to accept the president's tax rate on the wealthy, many republican, of course, still adamantly opposed to any tax hike. they could give the peeker a very tough time in the house if that were the ultimate compromise. the president continues to insist there is no deal without that tax hike on the wealthy. he said yesterday, he's willing to work with republicans on a comprehensive plan. all they need to do is to sit down and hammer that out. so far, that hasn't happened. we are all waiting. >> 23 days to we will see if they do that. some are asking exactly how bad will the automatic tax increases and spending cuts actually be? this morning, democratic senator charles schumer said it would be terrible. others predict tell actually be what this nation needs to begin to rein in government spending. will it? joining us is a former republican campaign manager and aide to the g.o.p. leadership. welcome. if this kicks in, in 23 days, will
but house speaker and john boehner have not sat down for negotiations. even though corker is saying there is growing sentiment to accept the president's tax rate on the wealthy, many republican, of course, still adamantly opposed to any tax hike. they could give the peeker a very tough time in the house if that were the ultimate compromise. the president continues to insist there is no deal without that tax hike on the wealthy. he said yesterday, he's willing to work with republicans on a...
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jim demint a tea party leader said speaker boehner's $800 billion tax hike will destroy american jobs and allow politicians in washington to spend even more. disagreements among republicans and democrats here on capitol hill is nothing new, but tuesday a republican aide told us the two sides aren't even talking. not surprisingly the white house disagrees. >> i can guarantee you conversations continue at different levels. and among different groups. >> reporter: both parties are ready to play the blame game in case negotiations fail. >> there's only one person out of 370 million americans who can sign something into law and that's the president. >> 60% of americans are asking the wealthy to pay more. >> reporter: a "the washington post" poll say 53% of americans will blame republicans and 29% would hold the president responsible if the nation goes over the fiscal cliff. the two sides appear close to an agreement on little things. it could lead to higher airline ticket prices and no more mail delivery on saturday. >> oh, boy. susan mcginnis in washington this morning. susan, thank you s
jim demint a tea party leader said speaker boehner's $800 billion tax hike will destroy american jobs and allow politicians in washington to spend even more. disagreements among republicans and democrats here on capitol hill is nothing new, but tuesday a republican aide told us the two sides aren't even talking. not surprisingly the white house disagrees. >> i can guarantee you conversations continue at different levels. and among different groups. >> reporter: both parties are...
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it to boehner and obama to make a deal. though boehner spokesman michael steele tells us this morning if we're going to solve this problem every congressional leader and more importantly the white house have all important roles to play. the fact is we've heard this same thing. and that is that pelosi and the senate leaders are not in the room at first. they'll be brought in when boehner and the white house are close. mann while, back to the debt ceiling. the new republicans' main point of leverage n. a rare misstep, mcconnell may have taken some of that leverage away in a move that ended with mcconnell filibustering himself. the president doesn't have enough democratic support, mcconnell moved to vote to permanently give the president the rate to approve the debt ceiling. reid shocked mcconnell by calling the idea of having that vote a positive development. forcing him to reject a vote he had called for himself. >> is there objection? >> reserving the right to object, matters of this controversy -- what we're talking about
it to boehner and obama to make a deal. though boehner spokesman michael steele tells us this morning if we're going to solve this problem every congressional leader and more importantly the white house have all important roles to play. the fact is we've heard this same thing. and that is that pelosi and the senate leaders are not in the room at first. they'll be brought in when boehner and the white house are close. mann while, back to the debt ceiling. the new republicans' main point of...
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boehner has already put on the table a comparable amount of money to be gained from putting a cap on deductions, about 800 billion over ten years, so such a-- >> look, paul, two reasons. first is ideological. his partisans, his liberal base believe this is somehow a symbol of winning the tax fight and you can only do that by raising the rates on the wealthy in the country and they're insistent on that. the other thing the president is interested in, he wants a double deal and wants to raise tax rates and also take the deductions, the closing of tax deductions and upping the ante, he feels if he doesn't give, doesn't demand that, he's looking at a tie of tax revenue down the line. >> paul: he's raised the ante, not 800 billion, but 1.6 trillion. he's got the rest from deductions, but that's a huge revenue hit. >> first, a huge revenue hit, but that's what the president wants. i think what he really wants is tone act the tax rate increases and make them permanent. there's a kind of conventional wisdom that we'll do these things and sometime next year, and even the president says we'll
boehner has already put on the table a comparable amount of money to be gained from putting a cap on deductions, about 800 billion over ten years, so such a-- >> look, paul, two reasons. first is ideological. his partisans, his liberal base believe this is somehow a symbol of winning the tax fight and you can only do that by raising the rates on the wealthy in the country and they're insistent on that. the other thing the president is interested in, he wants a double deal and wants to...
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john boehner, though, has been really pushing back. he had the news conference yesterday and this is what he said. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. >> so obviously, republicans are trying to change the conversation from taxes to cuts. what do they want? >> well, they want entitlement reform and what we've seen is that the white house has moved a little bit. the president seems to be open to some form of entitlement reform, maybe not what john boehner wants, but they have said in the last couple of days that they will do corporate tax reform. so we are seeing some movement from the white house, but nothing yet from the house republicans. >> all right. john boehner just came to the microphone. he's just met with his caucus. let's see if he has anything new
john boehner, though, has been really pushing back. he had the news conference yesterday and this is what he said. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. >> so obviously, republicans are trying to change...
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december 11th, including new indications that talks may be picking up between president obama and john boehner about the fiscal cliff. >>> also massive protests planned today in egypt and follow-up on the clashes between activists and the military as they call for a million man march. >>> but first let's get to the news here live at 30 rock in new york city. >>> this morning thousands of people are expected to converge on the michigan state capital in lansing as apartment of a troeshlg union battle that's about to unfold. at issue, the so called "right to work." legislation is being pushed through the republican lawmakers that could come to a final vote as early as today. the law would might illegal to require an employee to pay union dues as a condition of their employment. opponents say the legislation threatens to weaken the influence of labor unions in a state that is home to the auto industry and has a long history of organized labor. during a visit to detroit yesterday where he intendeded to focus on the fiscal clivgs president obama waded head first into the union battle. >> what we sho
december 11th, including new indications that talks may be picking up between president obama and john boehner about the fiscal cliff. >>> also massive protests planned today in egypt and follow-up on the clashes between activists and the military as they call for a million man march. >>> but first let's get to the news here live at 30 rock in new york city. >>> this morning thousands of people are expected to converge on the michigan state capital in lansing as...
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and but speaker boehner hasn't said that. and so we democrats realize that there has to be two sides of the bargain but we're not going back to 2011, putting revenues and cuts on the table and ended up with the cuts because the other side didn't accept the revenue. >> speaker boehner has yet to sit down with president obama or treasury secretary geithner. boehner said he would accept new revenue but the president insists there's no deal without higher tax rates on the wealthy. in his radio address yesterday he said he's willing to work with republicans to hammer out a plan he says would give both sides some of what they want. meantime, of course, the clock is ticking. >> it is, we're watching, steve. thank you very much. >>> much of the conversation in washington regarding the fiscal cliff is focused on tax rates or how the federal government can bring in more revenue from you. what about the other side of the equation? cutting back on spending and borrowing. steve moore joins us to talk about that and separate fact from fict
and but speaker boehner hasn't said that. and so we democrats realize that there has to be two sides of the bargain but we're not going back to 2011, putting revenues and cuts on the table and ended up with the cuts because the other side didn't accept the revenue. >> speaker boehner has yet to sit down with president obama or treasury secretary geithner. boehner said he would accept new revenue but the president insists there's no deal without higher tax rates on the wealthy. in his...
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we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint economic committee hearing. they're going to hear from a top economist not only about the jobs numbers coming out tomorrow but also about what can be done to avoid this issue at the end of the year. >> tracie potts for us in washington. thank you. >>> last night on the ed show, steny hoyer explains why he thinks the debt ceiling vote should be taken off the table. >> the debt ceiling is a phone y vote, frankly. and from time to time democrats have made it an item that they demagogue down and the republicans have demagogued on it, as well. the debt limit is a re
we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint...
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more boehner has proposed that in tax reform. it kind of looks like that raising taxes on the wealthy. that means the president which has laid down a substantive plan has to address spending cuts. we need about two dollars in spending cuts for every dollar in tax increases and it has to include entitlement reform. he has talked about different index inflation for social security and raising the age of medicare. that is the grand bargain that we need to do so we stop the negotiation and come to the principle compromise so we have a sustainable debt to g.d.p. ratio so our economy grows. that is what the compromise should the have to do and tax reform and entitlements and raising marginal tax rates. >> heather: do you think compromise is in progress in terms of the meeting today? >> any time the parties are talking face to face and not picking up the phone and having short conversations is a good thing. occasionally a deal gets done. we've been down this road before. boehner thought he had a deal with the president and president tho
more boehner has proposed that in tax reform. it kind of looks like that raising taxes on the wealthy. that means the president which has laid down a substantive plan has to address spending cuts. we need about two dollars in spending cuts for every dollar in tax increases and it has to include entitlement reform. he has talked about different index inflation for social security and raising the age of medicare. that is the grand bargain that we need to do so we stop the negotiation and come to...
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we have mcconnell and we have boehner. who is the quarterback, mr. president? who is the quarterback? >> there's some confusion about who the quarterback is on the republican side. that is, of course, quite common when you don't have the white house, but there's no doubt about who the quarterback is on the democratic side. the quarterback on the democratic side is the president of the united states. and unfortunately, he keeps throwing interceptions, and we're moving backward and backward and backward towards the goal line. >> i have a headache. >> should they not be talking about football? yeah. >> it's not working. new york jets owner woody johnson, of course -- >> woody! >> a mitt romney guy. >> yeah, woody. >> that was a cringer. harry reid, come on now. >> it's not right for harry reid to kick the jets around. that's a cheap shot. we can do it. you can't. senate minority leader mitch mcconnell, you just saw him there talking on the floor, he actually found himself, well, in unusual territory thursday. he actually had to filibuster himself. >> no, no, he ca
we have mcconnell and we have boehner. who is the quarterback, mr. president? who is the quarterback? >> there's some confusion about who the quarterback is on the republican side. that is, of course, quite common when you don't have the white house, but there's no doubt about who the quarterback is on the democratic side. the quarterback on the democratic side is the president of the united states. and unfortunately, he keeps throwing interceptions, and we're moving backward and backward...
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these negotiations are between two men, house speaker john boehner and the president. and once those two men agree, then they will take it to their folks. >> all right. kate balduan, live in washington. thank you. >> thanks, guys. >>> all right, recreational pot is now legal in washington state under a new law which took effect at midnight. adults can possess up to an ounce of marijuana legally. it's still against the law to grow pot or to sell it. but those celebrating the new normal are accentuating the positive. >> it's amazing. i'm not a criminal anymore. i can't go to jail for small amounts of marijuana, you know? it's -- i'm free to be free. >> the new law doesn't allow smoking in public places, just like alcohol, but police in seattle and across the state made an exception for overnight celebrations to ring in this new law. >>> so it's another public relations problem for penn state. the school's kai omega sorority is under investigation for stereotype i stereotyping latinos. pictures showed the sorority members in somberos with fake mustaches with signs that sa
these negotiations are between two men, house speaker john boehner and the president. and once those two men agree, then they will take it to their folks. >> all right. kate balduan, live in washington. thank you. >> thanks, guys. >>> all right, recreational pot is now legal in washington state under a new law which took effect at midnight. adults can possess up to an ounce of marijuana legally. it's still against the law to grow pot or to sell it. but those celebrating the...
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i think speaker boehner's gained some credibility with his own party. flashback to the payroll chasm cut episode a year ago when he urged his colleagues, this time a year ago. we better extend. his guys said no and of course they were right back here in january, having to agree with the president, which is why i also think right now boehner's real sort of view is probably closercloser than he would say. >> eliot: maybe the best thing for boehner is that allen west lost. >> when you have very vocal members lose, it sends a message. >> eliot: a man who helped create and define (vo) when the clock runs out when the last card is played what will be remembered? explore the lives of the famous and infamous who changed our world forever. experience the drama, back to back to back. of all the hours in all their days, the ones you'll never forget are the final 24. don't miss the final 24 mini-marathon this sunday on current tv. save the best for last. >> every once in a while someone will have the intellectual acutety and integrity to challenge long held beliefs
i think speaker boehner's gained some credibility with his own party. flashback to the payroll chasm cut episode a year ago when he urged his colleagues, this time a year ago. we better extend. his guys said no and of course they were right back here in january, having to agree with the president, which is why i also think right now boehner's real sort of view is probably closercloser than he would say. >> eliot: maybe the best thing for boehner is that allen west lost. >> when you...
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at least publicly john boehner is not sounding confident. >> he is not. he was very pessimistic and came out and told reporters is he still frustrated that president obama has not responded with some sort of a counter proposal to the republic debt plan that was put on the table. he basically is saying that these talks are still going nowhere. this isn't a progress report because there is no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs. the white house has wasted another week. >> one sign of optimism is when he was pressed by a reporter about tax rates, he seemed to leave the door open about some flexibility of negotiating with the white house. vice president biden said while rates have to go up it's negotiable what exact rate it is. whether it goes all the way up to the top rate to 39.6 like the clinton days. it seems like there is wiggle room on both sides. that may be where we get a deal if these two sides get together next week, shep. >> shepard: u.s. officials say the syrian regime has begun
at least publicly john boehner is not sounding confident. >> he is not. he was very pessimistic and came out and told reporters is he still frustrated that president obama has not responded with some sort of a counter proposal to the republic debt plan that was put on the table. he basically is saying that these talks are still going nowhere. this isn't a progress report because there is no progress to report. when it comes to the fiscal cliff that's threatening our economy and...
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i think speaker boehner's gained some credibility with his own party. flashback to the payroll chasm cut episode a year ago when he urged his colleagues, this time a year ago. we better extend. his guys said no and of course they were right back here in january, having to agree with the president which is why i also think right now boehner's real sort of view is probably closercloser than he would say. >> eliot: maybe the best thing for boehner is that allen west lost. >> when you have very vocal members lose it sends a message. >> eliot: a man who helped create and define reaganomics but now has serious thoughts. next. [ piano plays ] troy polamalu's going deeper. ♪ ♪ and so is head & shoulders deep clean. [ male announcer ] with 7 benefits it goes deep to remove grease, gunk and flakes. deep. like me. [ male announcer ] head & shoulders deep clean for men. ♪ ♪ at cepacol we've heard people are going to extremes to relieve their sore throats. oh, okay, you don't need to do that. but i don't want any more of the usual lozenges and i want new coo
i think speaker boehner's gained some credibility with his own party. flashback to the payroll chasm cut episode a year ago when he urged his colleagues, this time a year ago. we better extend. his guys said no and of course they were right back here in january, having to agree with the president which is why i also think right now boehner's real sort of view is probably closercloser than he would say. >> eliot: maybe the best thing for boehner is that allen west lost. >> when you...
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in an interview with julianna goldman of bloomberg news obama called the boehner plan quote out of balance. >> i think that we have the potential of getting a deal done, but it's going to require what i talked about during the campaign which is a balanced responsible approach to deficit reduction that can help give businesses certainty and make sure that the country grows. and unfortunately the speaker's proposal right now is still out of balance. he talks for example about $800 billion worth of revenues but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> rose: and here is the president talking about why it's essential for him that there be tax increases for the most wealthy among us. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the
in an interview with julianna goldman of bloomberg news obama called the boehner plan quote out of balance. >> i think that we have the potential of getting a deal done, but it's going to require what i talked about during the campaign which is a balanced responsible approach to deficit reduction that can help give businesses certainty and make sure that the country grows. and unfortunately the speaker's proposal right now is still out of balance. he talks for example about $800 billion...